- The variety of Uniswap Layer 2 customers has elevated by 350%, however buying and selling quantity has declined by 39% since Could.
- Poodlana has raised $6.3 million in its pre-sale, and shall be listed on Raydium on August 16.
- Poodlena’s token POODL is at present priced at $0.0499 and its worth will increase each 72 hours earlier than it will get listed.
Within the quickly evolving crypto panorama, two main developments have captured the group’s consideration. Uniswap’s Layer 2 (L2) person rely has grown by 350% in current months, whereas POODLANAA (POODL)A viral Solana-based meme coin is inching nearer to its much-anticipated itemizing on Raydium.
Each occasions spotlight the rising curiosity in decentralized finance (DeFi) and progressive token tasks as market dynamics change.
Uniswap’s Layer 2 Person Development
UniswapThe main decentralized alternate (DEX) by buying and selling quantity has seen important development in its Layer 2 (L2) person base just lately.
Based on Dune Analytics, from Could to July, the variety of distinctive addresses interacting with Uniswap on L2 grew from 1.82 million to eight.93 million, a rise of 350%.
Consecutive all-time excessive figures had been recorded in June and July, far exceeding the earlier file of two.12 million in April.
Nevertheless, this surge in person exercise comes with a caveat. Regardless of the dramatic enhance in distinctive addresses, Uniswap’s complete buying and selling quantity has steadily declined.
After hitting an all-time excessive of $33.6 billion in March, month-to-month protocol volumes fell 31% to $23.2 billion in June and one other 12% to $20.5 billion in July. This 39% drop between Could and July means that whereas extra customers are partaking with Uniswap on L2, they could be transacting smaller volumes.
The uneven enhance in customers and the corresponding drop in buying and selling quantity raises issues in regards to the high quality of the person development. Analysts have identified that this sample is paying homage to Sybil assaults, the place customers create a number of addresses to govern the protocol, typically in anticipation of an airdrop.
A better have a look at the information exhibits that 80% of Uniswap’s month-to-month lively merchants in July had been focused on Coinbase’s L2, the bottom that’s suspected to be the first venue for Sybil exercise.
Excluding Base from the information, Uniswap’s distinctive month-to-month addresses on L2 have been steadily declining since April. Whereas it’s unlikely that every one exercise on Base is because of Sybil assaults, the scenario requires warning. The sharp enhance in customers on L2, notably on Base, doesn’t mirror completely natural development, however slightly speculative exercise pushed by potential future rewards.
Poodlana “Hermes of Crypto” is prepared for launch
Whereas Uniswap navigates the complexities of its L2 improvement, Poodlena (POODL), one other challenge is creating buzz within the crypto group.
Branded because the “Hermes of Crypto,” Poodlena is a Solana-based meme coin that has wowed traders with its distinctive mix of excessive vogue and poodle-themed branding.
Its pre-sale ends on August 16, and the coin is about to make its debut on Raydium, a decentralized alternate on Solana, with a list worth of $0.060.
Poodlana’s pre-sale was very profitable, elevating over $6.3 million and garnering quite a lot of consideration within the Asian market, particularly in international locations like Korea and Japan.
The attraction of this challenge lies not solely in its luxury-themed advertising, but additionally in its strategic community-building efforts. With over 16,000 followers throughout numerous social media platforms, Poodlana has engaged its group by way of weekly meme competitions, AMAs, and particular presale occasions.
Traders are notably drawn to POODLana’s presale construction, which is designed to encourage early participation. The token’s worth will increase each 72 hours, prompting traders to behave shortly to safe their holdings on the lowest doable worth. At press time, the POODL token was going for $0.0499.
The absence of a lock-up or vesting interval provides to the attractiveness of the challenge, and supplies speedy liquidity upon itemizing.
Poodlana’s roadmap is equally bold, with plans to broaden past its preliminary DEX itemizing. The challenge goals to be listed on main centralized exchanges, additional rising its attain and liquidity.
As well as, Poodlana is gearing up for a large advertising marketing campaign that can contain high influencers, high-end vogue manufacturers, and life-style platforms. This intensive outreach, mixed with the challenge’s distinctive branding, establishes Poodlana as a possible standout within the meme coin market.
As Poodlana prepares for its debut, it’s becoming a member of a wider development of progressive crypto tasks which are redefining the sector. Whether or not by way of its fashion-forward method or its strategic market positioning, Poodlana represents a brand new breed of meme cash that might have an enduring impression on {the marketplace}.
conclusion
As Uniswap’s L2 person base continues to develop and the launch of Poodlana attracts close to, these developments underscore the dynamic nature of the crypto market.
Whereas Uniswap’s improvement raises questions, Poodlana’s progressive method may set new requirements for meme cash, highlighting the continued development and potential of decentralized finance and artistic token tasks.
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